Jefferies LLC

Credit Suisse has hired one of the most senior corporate brokers from US investment bank Jefferies as it beefs up its UK team.

Residential Secure Income Fund, the closed end investment company, has raised £180m to invest in UK social housing, less than the £300m it sought, after pricing its IPO on the London Stock Exchange.

Empiric Student Property, the London-listed real estate investment trust that owns UK student accommodation, is seeking to raise £150m, in its sixth equity issue since its £85m IPO in June 2014. The deal will also be its largest so far, and its highest priced.

Banco Santander has launched its €7.07bn fully underwritten rights issue to support its acquisition of the failed Banco Popular Español, saying it expects to make a return on investment on the deal of 13% to 14% by 2020.

Though some bankers have detected a cooling of investors’ thirst for European IPOs in recent weeks, the right names are still flying off the shelves. Delivery Hero, the online food ordering service, is guiding investors in its €866m deal to the top of the price range, and shares in restaurant chain Vapiano rose on their debut.

Vapiano, the Italian restaurant chain, rose by 4% on its debut in Frankfurt on Tuesday, as investors bought shares in secondary after half the book was zeroed.

Delivery Hero, the Rocket Internet-backed online food delivery company, set a price range for its €747m to €866m IPO this morning, and will open the bookbuild on Tuesday.

The IPO market in EMEA has shrugged off the political turmoil that has engulfed the UK since the general election on June 8 resulted in a hung Parliament.

Fosun International-backed Sisram Medical is looking to list in Hong Kong for around $200m, filing a draft prospectus on Wednesday.

Delivery Hero, the German online food delivery marketplace, announced its intention to float on Tuesday morning, ending months of speculation about its intention to go public.

Shares in Medicover, the Swedish diagnostic services provider, closed 17% higher on their trading debut on Tuesday after the company finished its Skr2bn (€207m) IPO on Nasdaq Stockholm, having priced the deal at the mid-point of its range.

Shares in Munters, the Swedish climate control systems group backed by Nordic Capital, traded as much as 26% above their offer price on Friday after they began trading on Nasdaq Stockholm after its Skr4bn (€422m) IPO.